Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

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Baytex Energy Corp > BOC just go up 100 bps?

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Comment by BayStreetWolfTOon Jul 13, 2022 11:50am

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Post# 34820977

RE:RE:RE:RE:BOC just go up 100 bps?

I think what needs to happen is pricing collapse under high rates. Yes bad for those young people with mortgages now...but they probably overpaid with all these silly bidding wars.

Interest rate hikes will force people to bring down price (if they need to sell)

This could provide an opportuntity for some (with grandparents help) to grab a home at a cheaper price and wait out a rate reversal.

Time will tell. Housing starting to cool...prices too.